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A05321 Summary:

BILL NOA05321
 
SAME ASNo same as
 
SPONSORGibson
 
COSPNSRSantabarbara
 
MLTSPNSR
 
Ren S16-n to be S16-u, add S16-w, UDC Act
 
Establishes the urban and regional farmers' markets facilities construction program; defines related terms and regulates grants and financing; establishes revolving loan and loan guarantee fund.
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A05321 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5321
 
                               2013-2014 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 22, 2013
                                       ___________
 
        Introduced by M. of A. GIBSON -- read once and referred to the Committee
          on Economic Development
 
        AN ACT to amend the New York state urban development corporation act, in
          relation  to  the planning and development of urban and regional farm-
          ers' markets facilities
 

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Section  16-n  of section 1 of chapter 174 of the laws of
     2  1968, constituting the New York state urban development corporation act,
     3  as added by chapter 428 of the laws of 2006, is renumbered section 16-v.
     4    § 2. Section 1 of chapter 174 of the laws of  1968,  constituting  the
     5  New York state urban development corporation act, is amended by adding a
     6  new section 16-w to read as follows:
     7    §  16-w.  Urban  and regional farmers' markets facilities construction
     8  program. 1.  Definitions. For purposes of this section:
     9    (a) "Urban or regional farmers'  market  construction  project"  shall
    10  mean  a  project  for  the establishment, expansion and development of a

    11  year-round urban or regional farmers' market primarily leasing space  to
    12  farmers,  farmer/processors  and craft businesses from within the region
    13  of the greenmarket to sell directly to customers.
    14    (b) "Not-for-profit corporation" shall mean agricultural cooperatives,
    15  regional market authorities, corporation business improvement  districts
    16  and regional and community development organizations organized under the
    17  provisions  of  the  not-for-profit  corporation  law or other state law
    18  providing for nonprofit corporations.
    19    (c) "Highly distressed" shall have the same meaning as provided for in
    20  section sixteen-d of this act.
    21    (d) "Economically distressed areas" shall have  the  same  meaning  as

    22  provided for in section sixteen-d of this act.
    23    2.  The  corporation shall, from appropriations made available for the
    24  purpose, establish an urban and  regional  farmers'  markets  facilities
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04310-01-3

        A. 5321                             2
 
     1  construction  program  which shall offer construction grants pursuant to
     2  paragraphs (a) and (b) of subdivision 3 of this  section  and  revolving
     3  loans and loan guarantees pursuant to paragraphs (c) and (d) of subdivi-
     4  sion 3 of this section.

     5    3.  To  the  extent  that  monies  are  appropriated for the urban and
     6  regional farmers' markets facilities construction  program,  the  corpo-
     7  ration  shall  provide  financing  for urban or regional farmers' market
     8  facilities construction projects for the  establishment,  expansion  and
     9  development  of urban and regional farmers' markets facilities which are
    10  intended to serve the needs of the regional agricultural  community  and
    11  the  community  revitalization  of  the  host  city. The corporation, in
    12  consultation with the department of economic development, shall  develop
    13  a  joint request for applications with the department of agriculture and
    14  markets' comments on soliciting potential applicants seeking  assistance

    15  for  the  development of urban and regional farmers' markets facilities.
    16  An applicant must be a not-for-profit corporation, municipal corporation
    17  or public benefit corporation.   In determining  award  recipients,  the
    18  corporation shall consider, among other factors, the department of agri-
    19  culture  and markets' comments on the applications. Such financing shall
    20  consist of grants, revolving loans and loan guarantees  for  the  estab-
    21  lishment,  expansion,  and  development  of  urban and regional farmers'
    22  markets facilities.
    23    (a) Grants shall  be  used  for  general  project  development  costs,
    24  including, but not limited to:
    25    (i)  the  acquisition, design, construction, improvement or renovation
    26  of the site; and

    27    (ii) the purchase of necessary equipment.
    28    (b) For the purposes of  this  subdivision  grants  shall  not  exceed
    29  eighty  percent  of the total project cost in highly distressed communi-
    30  ties; shall not exceed seventy percent of  the  total  project  cost  in
    31  economically distressed areas; and shall not exceed sixty percent of the
    32  total project cost in non-economically distressed areas.
    33    (c) Urban and regional farmers' market facility construction revolving
    34  loan  and loan guarantees. The corporation shall provide revolving loans
    35  and loan guarantees  for  the  establishment  by  not-for-profit  corpo-
    36  rations,  municipal corporations or public benefit corporations of urban
    37  and regional farmers' market facilities. Such revolving loans  and  loan

    38  guarantees  shall  be for construction costs, including, but not limited
    39  to the design, construction, improvement or renovation and  may  include
    40  interim financing.
    41    (d) Urban and regional farmers' market facility construction revolving
    42  loan  and loan guarantee fund. For the purposes of this subdivision, the
    43  corporation shall establish an urban and regional farmers' market facil-
    44  ity construction revolving loan and loan  guarantee  fund  account.  The
    45  corporation  shall  determine the terms and interest rates of such loans
    46  to not-for-profit corporations, municipal corporations or public benefit
    47  corporations, except that no loan shall exceed  eighty  percent  of  the
    48  total  project cost in highly distressed communities; seventy percent of

    49  the total project cost  in  economically  distressed  areas;  and  sixty
    50  percent  of the total project cost in non-economically distressed areas.
    51  In instances where an otherwise qualified applicant lacks  equity  in  a
    52  project,  equity  participation  may  include any commitment for grants.
    53  Payments consisting of the repayment of the principal amount of the loan
    54  and interest shall be deposited by the corporation into  the  urban  and
    55  regional  farmers'  market  facility  construction  revolving  loan fund
    56  account from which the loan was made.

        A. 5321                             3
 
     1    4. Financing  for  urban  and  regional  farmers'  markets  facilities

     2  construction  projects  authorized  pursuant  to this subdivision, shall
     3  only be made upon a determination by the  corporation,  in  consultation
     4  with the department of economic development, and the department of agri-
     5  culture  and  markets that such a facility will improve the agricultural
     6  and urban economies. Such revolving loans, loan  guarantees  and  grants
     7  shall  only  be  made for facilities where there are inadequate agricul-
     8  tural direct marketing facilities. Such centers  shall  demonstrate  the
     9  potential  to obtain, from appropriate governmental agencies, all neces-
    10  sary approvals, licenses, and other supports  required  to  operate  the
    11  facility.
    12    § 3. This act shall take effect immediately.
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